Finance for SMEs: The “Missing Middle”
Fueling the Growth of Small and Medium Enterprises in the Developing World
Our next SVMN meeting will be on Tuesday, August 26th 2008 and will feature Linda Segre and Sonal Shah of Google.org.
|Linda Segre||Sonal Shah|
What happens to emerging economy businesses that aren’t served by either commercial banking or microfinance? In many developing countries, large businesses have access to formal, bank-based credit and capital markets; meanwhile households and micro-entrepreneurs have access to micro-loans. This leaves a massive economic gap known as the “missing middle” in small and medium-sized enterprises (SMEs). These SMEs account for half of GDP and two-thirds of jobs in developed countries, and are potentially a high-impact, high-return investment. Please join us to hear Google.org discuss how we can drive capital to these enterprises and what lessons can be shared between the SME and micro-enterprise sectors.
UPDATE: here are slides from the Google.org presentation on SME Finance:
To register, please click on the SVMN registration link here:
(more info below)
When: Tuesday, August 26, 2008
6:00-6:30pm: Registration, Dinner & Networking
6:30-8:00pm: Speaker & Discussion
8:00-8:30pm: Networking & Wrapup
Where: Google.org offices
345 Spear Street, 4th floor
San Francisco, CA 94105
in advance: $20 regular attendee | $10 students & non-profits (w/ ID)
at the door: $25 regular attendee | $15 students & non-profits (w/ ID)
(includes dinner + drinks; there is no “non-dinner” option… so eat up!)
Linda Segre, Managing Director Operations & Initiatives, Google.org
Linda Segre oversees the climate change and global development initiatives as well as all operational aspects of Google.org, including hiring, team management, career development, budgeting, evaluation and supporting systems. Prior to joining Google.org, Linda spent almost 20 years in the Boston Consulting Group’s (BCG) San Francisco office. With BCG, she was managing partner of the San Francisco office for nearly five years in addition to her client work. Her client work included consumer goods, retail and small business banking, insurance and credit cards. In her substantial pro bono work at BCG, Linda focused on education organizations and statewide initiatives.
Linda received a BA and MBA from Stanford. Prior to earning her MBA, Linda played golf professionally in the US, Europe and Asia. Linda is the mother of two and a member of Young Presidents’ Organization (YPO) and on the board of the Arthritis Foundation of Northern California.
Sonal Shah, Head of Global Development Initiatives, Google.org
Sonal Shah leads Google.org’s two global development efforts: Inform and Empower to Improve Public Services, and Fuel the Growth of Small and Medium Enterprises. Prior to joining Google, she was Vice President at Goldman Sachs, where she developed and implemented the firm’s environmental strategy. Sonal is the co-founder and Director of Indicorps, a U.S.-based non-profit offering fellowships for Indian-Americans to work on development projects in India. Sonal worked on trade, outsourcing and post-conflict reconstruction issues at the Center for American Progress, and developed and managed policy and advocacy programs for the Center for Global Development. She worked for eight years at the Treasury Department as well as in the National Security Agency.
Sonal received her MA in Economics from Duke University and BA in Economics from the University of Chicago. She is an Aspen Crown Fellow, was India Abroad’s Person of the Year 2003, and serves on the Boards of US Committee for UNDP, Synapse, APIA Vote and Indicorps.
Swati Mylavarapu works on the SME initiative and mobile efforts at Google.org. She focuses specifically on building the SME screening & evaluation portfolio, and various “mobile for development” projects. Before joining Google a year ago, Swati worked with Dalberg Global Development Advisors, on global development and business issues with a variety of international development agencies and corporations. Prior to that, she held a number of internships ranging from corporate law in Latin America to consulting with Katzenbach Partners and even a stint at the State Department. Swati holds an A.B in Development Studies from Harvard University and an MPhil in Economic History from Oxford, where she was a Rhodes Scholar. Her past research has focused on ethnic politics and conflict in South India, and the politics of food in colonial Kenya.